ADP_REGISTRATION_DOCUMENT_2017

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 20 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2017

13.1 Relations with associated or jointly controlled companies CDG Express

Paris SA were asked by the French Prime Minister to pre-finance, for the account of the project entity, the pursuit of the technical studies on the project and the design of the works concession. In this context, Aéroports de Paris SA, SNCF Réseau and Caisse des Dépôts et Consignation signed a tripartite agreement covering within a limit of €49.1 million, the amount of expenditures necessary to pursue the aforementioned studies. Retail joint ventures As part of the development of commercial activities, Aéroports de Paris SA and the companies Société de Distribution Aéroportuaire, RELAY@ ADP and EPIGO, sign agreements permitting these companies to operate within Paris-Orly and Paris-Charles de Gaulle airports. Transactions between Aéroports de Paris SA and these companies relate to: ◆ fees collected under the operational rights granted by Aéroports de Paris SA; and ◆ rents for the occupation of sales areas. Similarly, TAV Airports and ATU concluded contracts allowing ATU to operate retail shops within its airport platforms. will be built to accommodate metro lines 14 and 18 at Paris-Orly airport. Completion is scheduled for 2024. For this purpose, two agreements have been signed between Aéroports de Paris SA and the Société du Grand Paris: ◆ an indemnity agreement signed on 9 January 2015, whereby the Société du Grand Paris compensates Aéroports de Paris SA for the additional costs to bear in the context of the construction of the aforementioned connecting building due to the fact that two tunnels, for Lines 14 and 18, will pass under this building. An amendment was made to this agreement on 9 August 2015; ◆ a joint project management agreement signed on 16 July 2015, relating to the construction at Paris-Orly Airport of a metro station to accommodate the 2 metro lines and airport facilities. Aéroports de Paris is named as the sole contractor for this project and will manage all works which are due for completion in 2024. An amendment to this agreement was signed between SGP and ADP on 6 March 2017 to clarify the different sub-projects, the budget allocated to the construction works, the amount of indemnities to be paid to ADP for the losses and additional costs related to the buildings affected by the construction of the metro station, and the allocation of the missions between the parties. Furthermore, two additional agreements were signed with the SGP in July and September 2017, for the remuneration of the feasibility studies conducted in relation to potential works to be realised by Aéroports de Paris SA for the account of the SGP, in the structure of Paris-Charles de Gaulle and Le Bourget airports. Relations with Air France-KLM Transactions with Air France-KLM primarily concern: ◆ the invoicing of aeronautical and ancillary fees set by the Economic Regulation Agreement pursuant to the Civil Aviation Code; ◆ and rental costs invoiced related to the rental of land and buildings surrounding the airports.

In 2014, when the French Government decided to relaunch the CDG Express project, the entity “CDG Express Études” was created to conduct legal, technical and financial studies related to the project. CDG Express Etudes is equally held by Aéroports de Paris SA, SNCF Réseau and the State and was granted a budget of €15.6 million. Studies conducted by the entity were used as a basis for the law of 28 December 2016 in relation to a rail connection between Paris and Paris-Charles de Gaulle airport, in order to define the legal structure of the project. The structure is henceforth based on: ◆ the creation of a project entity (the infrastructure manager), in charge of the creation, financing, maintenance and operation of the infrastructure. This entity is expected to be launched in 2018 and will be held mainly by Aéroports de Paris SA and SNCF Réseau; ◆ SNCF Réseau will remain infrastructure manager on the existing Paris – Mitry-Mory connection; ◆ a rail operator in charge of the transport service operation. Meanwhile, pending completion of the creation of the project entity, the respective Chief Executive Officers of SNCF Réseau and Aéroports de The French State holds 50.6% of the share capital of Aéroports de Paris SA and 58.6% of the voting rights as at 31 December 2017. The State is entitled in the same way as any majority shareholder to control decisions that require approval by the shareholders. Public authorities exercise control over Aéroports de Paris SA with regard to its status as a state-owned company and with regard to its duties, in particular its public service. In this respect, agreements are regularly concluded with the State. The most significant agreements are listed below: ◆ The Economic Regulation Agreement relating to the 2016-2020 signed on 31 August 2015; ◆ Relationship with the Direction Générale de l’Aviation Civile (DGAC) - public service duties such as safety assignments, air transport securities and aircraft firefighting and rescue tasks carried out by Aéroports de Paris. The costs incurred in the performance of these duties are invoiced to Direction Générale de l’Aviation Civile (DGAC), which funds the airport tax charged to airlines to cover these costs. In 2017, revenues linked to airport security and safety amounted to €487 million (€480 million in 2016). At 31 December 2017, the receivable from the DGAC amounts to €57 million (€93 million at 31 December 2016); ◆ Agreement for the provision of real estate properties, utilities (electricity, heating, water), services (telecommunications, material, administrative and intellectual assistance) and training to the Air Navigation Service Provider (“DSNA”). This agreement was concluded on 27 July 2007 for a term of 15 years. Relations with the Société du Grand Paris In order to increase its passenger capacity at Paris-Orly Airport, Aéroports de Paris SA decided to construct a connecting building between the western and southern terminals of Paris-Orly Airport. Furthermore, as part of the development of the Grand Paris transport system; a metro station

13.2 Relations with the French State and State participations Relations with the state

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AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017